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September 20, 2007 Thursday Ramazan 07, 1428 Trade with China to reach $15bn in 5 years ISLAMABAD, Sept 19: The volume of bilateral trade between Pakistan and China will reach $15 billion mark in the next five years from the existing $5.2... Retailers reluctant to cut atta rates KARACHI, Sept 19: Retailers are still reluctant to pass on the benefit of a recent cut in wholesale price of atta to consumers, and they are still selling various varieties at enhanced rates.... Minfal policies blamed for rise in wheat flour prices MULTAN, Sept 19: Experts have blamed wrong policies of the ministry of food, agriculture and livestock for rising trend in wheat and wheat flour prices despite a record bumper crop.... Oil price hits fresh peak of $82.51 LONDON, Sept 19: New York oil prices surged to a record high $82.51 per barrel on Wednesday following news that American crude reserves tumbled last week.... Euro nears $1.40 as traders digest US rate cut LONDON, Sept 19: The euro hovered close to $1.40 on Wednesday in the wake of the US Federal Reserve’s decision to cut American interest rates by a half-point to 4.75... Bull run-up continues on stock market KARACHI, Sept 19: The KSE 100-share index on Wednesday broke the barrier of 13,000 points boosted by fresh active short-covering in the leading oil shares and some other blue chips but... EU seeks to split up energy giants BRUSSELS, Sept 19: The European Commission called on Wednesday for major gas and electricity suppliers to split from their pipelines and power grids in the hope of infusing more competition into the sector.... FBR amends GST rules for steel sector ISLAMABAD, Sept 19: The Federal Board of Revenue (FBR) has amended the sales tax special procedure rules for collection of general sales tax from steel sector.... Ghee makers demand cut in edible oil import duty ISLAMABAD, Sept 19: Pakistan Vanaspati Manufacturers’ Association (PVMA) has urged President General Pervez Musharraf to direct the Federal Board of Revenue (FBR) to rationalise duty and taxes on import of edible... BoE to inject $20bn into money markets LONDON, Sept 19: The Bank of England announced on Wednesday that it would inject 10 billion pounds ($20bn) into longer-term money markets next week amid the ongoing global credit squeeze.... Iraq invites Russian investors MOSCOW, Sept 19: Iraqi Foreign Minister Hoshyar Zebari invited Russian business to invest in the reconstruction of his country during a visit to Moscow on Wednesday.... SRO amended ISLAMABAD, Sept 19: The Federal Board of Revenue (FBR) has amended the sales tax special procedure (Withholding) Rules, 2007.... Exemption ISLAMABAD, Sept 19: The Federal Board of Revenue (CBR) has exempted customs duty on import of two kinds of raw materials used in the manufacturing of pharmaceutical products.... Prices further rise on cotton market KARACHI, Sept 19: Cotton market on Wednesday showed firm trend as prices were quoted higher by Rs25 to Rs50 per maund followed by reports of an identical hike in phutti prices by growers.... China tries to convince world on goods safety TIANJIN (China), Sept 19: China went on a charm offensive on Wednesday to convince a sceptical world its products are safe, as a new poll in the United States found 78... Karachi Port operations KARACHI, Sept 19: Ten ships carrying rock phosphate, chemicals, steel coils and to load molasses are due to arrive at the outer anchorage on Thursday, according to KPT sources.... Port Qasim KARACHI, Sept 19: Four ships carrying containers, edible oil and diesel oil were accommodated berths during the last 24 hours, said a PQA press release on Wednesday.... Commercial land prices rise by 12pc in Tokyo TOKYO, Sept 19: Japan’s commercial land prices have risen for the first time in 16 years, the land ministry said on Wednesday, as the world’s second largest economy continues its gradual escape from deflation.... Customs agents reject new licensing rules PESHAWAR, Sept 19: The Frontier Customs Agents Group has out rightly rejected the amended customs licensing rules notified by the Federal Board of Revenue (FBR) and has demanded its immediate withdrawal.... Canada prices down OTTAWA, Sept 19: Canadian consumer prices fell 0.3pc in August, bringing the inflation rate down to 1.7pc, Statistics Canada said on Wednesday. The inflation rate of 1.7... Takaful policy KARACHI, Sept 19: Pak-Qatar Family Takaful has issued Pakistan’s first ever family takaful policy to Sidat Hyder Morshed Associates, says a press release.... Asian stocks rally HONG KONG, Sept 19: Asian stocks surged on Wednesday after the Federal Reserve slashed interest rates by a bold half point to try to shield the US economy from the housing and credit market woes.... Palm oil lower KUALA LUMPUR, Sept 19: Malaysian crude palm oil futures ended 1.5 per cent lower on Wednesday as investors booked profits after two straight days of strong gains and as rival soyabean oil declined in Asian trade.... Gold up LONDON, Sept 19: Gold hit a new peak on Wednesday and is poised to scale 28-year highs on safe-haven buying and a sharp drop in the dollar after the US Federal Reserve slashed interest rates....

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